Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 880 · 40 questions

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

1. 1.True or false: “what you paid for it” is the selling price. (a) False (b) True
2. 2.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
3. 3.Lakshmi makes 27 friendship bands at a cost of ₹39 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
4. 4.Arjun makes 20 paper bookmarks at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
7. 7.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
8. 8.It costs ₹17 to make one bag of popcorn. Ananya sells it for ₹33. What is the profit on one (in ₹)?
9. 9.It costs ₹46 to make one cupcake. On the last day Vihaan sells it for only ₹36. How much is the loss on one (in ₹)?
10. 10.It costs ₹7 to make one handmade card. On the last day Aarav sells it for only ₹5. How much is the loss on one (in ₹)?
11. 11.One glass of chai costs Joseph ₹53 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
12. 12.One fruit cup costs Kavya ₹50 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
13. 13.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
14. 14.One handmade card costs ₹53 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
15. 15.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
16. 16.One painted pebble costs Zoya ₹49 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
17. 17.It costs ₹37 to make one glass of chai. Tara sells it for ₹52. What is the profit on one (in ₹)?
18. 18.It costs ₹59 to make one paper bookmark. Dev sells it for ₹77. What is the profit on one (in ₹)?
19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
21. 21.It costs ₹28 to make one handmade card. Ananya sells it for ₹46. What is the profit on one (in ₹)?
22. 22.One potted plant costs Diya ₹34 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
23. 23.True or false: “money got from a sale” is the cost price. (a) True (b) False
24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
25. 25.It costs ₹51 to make one paper bookmark. On the last day Kabir sells it for only ₹41. How much is the loss on one (in ₹)?
26. 26.It costs ₹59 to make one potted plant. Aarav sells it for ₹60. What is the profit on one (in ₹)?
27. 27.Dev makes 28 potted plants at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
29. 29.It costs ₹58 to make one cup of lemonade. Aarav sells it for ₹64. What is the profit on one (in ₹)?
30. 30.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
31. 31.Kavya makes 14 bags of popcorn at a cost of ₹13 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
32. 32.One fruit cup costs ₹15 to make. Kavya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
33. 33.Kavya makes 9 handmade cards at a cost of ₹18 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
35. 35.True or false: “the price on your board” is the selling price. (a) True (b) False
36. 36.It costs ₹25 to make one handmade card. On the last day Arjun sells it for only ₹20. How much is the loss on one (in ₹)?
37. 37.Meera makes 23 glasses of chai at a cost of ₹11 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
38. 38.Nisha makes 28 paper bookmarks at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
39. 39.It costs ₹9 to make one glass of chai. Tara sells it for ₹27. What is the profit on one (in ₹)?
40. 40.One friendship band costs ₹45 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?

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